Tauqueer

EID PARRY One of the leading Sugar Industry stock ready again

Long
NSE:EIDPARRY   E.I.D.-PARRY(INDIA
After the government brought forward the target date for achieving 20 per cent ethanol-blending with petrol by two years to 2023 to help reduce India's dependence on costly oil imports.
ALL Sugar Industry are at boom.
EID PARRY is one of them after breaking out its 4 years resistance stock has retested and now ready for big move
Sugar Industry stocks is not a stock we should miss out at least for coming 2-3 yearsy.
A Bullish engulfing candle shows its strength.
We should accumulate if whenever we have a chance
390-400 levels are good it gives us a favourable risk reward
Massive volume building up shows big players has entered and whenever big players are involve stock become a skyrocket.

Comments

I won't suggest that for intraday you need to do analysis on a Smaller Time Frame like 5 minutes 15 minutes..
But if you see and sign like engulfing candle or Hammer candle in lower time Frame you can do intraday too as it has given 6-7%return in a single day earlier also
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Nice analysis can we use it for intraday
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